Japan is finally moving away from the “free money” era—and crypto markets are reacting every time. Over the last five years, Bitcoin (BTC) has increasingly behaved like a global risk asset: when global liquidity tightens and leverage unwinds, BTC tends to fall fast. The Bank of Japan (BOJ), after decades of ultra-low and even negative rates, has started a policy normalization cycle that’s becoming one of the most important macro drivers for crypto—especially because Japan sit

Bitcoin’s fall below six figures marks a stunning about-face after a prolonged rally. On November 4, 2025, Bitcoin broke below $100,000 – a level it had held for roughly 180 days – completing a 20% slide from its all-time high (~$126,210) reached just weeks earlier[2]. The breach of the $100K psychological support triggered broad market panic, with a wave of sell-offs intensifying across the crypto market.